Tuesday, February 14, 2023

 

Michael Reagan

Breaking From Reagan Reports for America

House Republicans proposed legislation on Monday that would make permanent several expiring tax cuts enacted as part of the 2017 tax overhaul, the Washington Examiner reports. 

“With Americans continuing to suffer under the weight of record-high inflation and an uncertain economic future, we need to provide some much-needed relief and certainty to hardworking families and Main Street businesses and ensure these tax cuts do not expire,” said Florida GOP Rep. Vern Buchanan, who introduced the legislation with 72 colleagues. Nearly two dozen tax provisions that were part of the Tax Cuts and Jobs Act are set to sunset after 2025, and Republicans have made extending portions of the tax law a top priority.

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